DBS & Associates, LLC

08/15/2024

IR-2024-205, Aug. 9, 2024 — The Internal Revenue Service today announced tax relief for individuals and businesses in four states affected by Hurricane Debby.

05/27/2024

12/27/2023

The IRS announced their reporting thresholds for 1099-Ks for 2023 and 2024.

FS-2023-27, Nov. 2023 — Following feedback from taxpayers, tax professionals, and payment processors and to reduce taxpayer confusion, the Internal Revenue Service delayed the new $600 Form 1099-K reporting threshold requirement for third party payment organizations for tax year 2023 and is planni...

11/12/2023

The IRS has announced the annual inflation adjustments for the year 2024, including tax rate schedules, tax tables and cost-of-living adjustments.

10/04/2023

If you sold event tickets online for more than $600, prepare to receive a 1099-K for 2023 and make sure to report the transaction on your tax return.

09/10/2023

Have you heard? The SCDOR has issued tax relief following the impacts of Hurricane Idalia.

⚠️ Taxpayers who requested an extension for the 2022 tax year will now have until February 15, 2024 to file their Individual Income Tax returns.

Various additional filing and payment deadlines have also been extended. Get the full details: 🔗https://dor.sc.gov/resources-site/media-site/Pages/SC-issues-tax-relief-due-to-Hurricane-Idalia-October-extension-deadline-postponed.aspx

💡 Pro-tip: To ensure a smooth process, we recommend filing electronically and filing as soon as possible.

05/29/2023

Thank you to those who have made the ultimate sacrifice.

12/24/2022

Wishing you and yours happy holidays and a wonderful new year!